Dr. Saifedean Ammous, the author of the book “The Bitcoin Standard,” has been appointed as the Economic Advisor to the National Bitcoin Office of El Salvador. He will be advising the office on various economic policies related to Bitcoin.

Dr. Ammous is a well-known Bitcoin advocate and has been a vocal supporter of El Salvador’s decision to make Bitcoin legal tender. He believes that Bitcoin has the potential to revolutionize the global financial system and that El Salvador is leading the way in this new era.

In his new role, Dr. Ammous will be working with the National Bitcoin Office to develop policies that promote the use of Bitcoin in El Salvador. He will also be working to educate the public about Bitcoin and its potential benefits.

Dr. Ammous’ appointment is a significant development for El Salvador’s Bitcoin experiment. It shows that the government is committed to making Bitcoin a success and that it is willing to seek the advice of experts in the field.

It is still too early to say what the long-term impact of Bitcoin will be on El Salvador’s economy. However, Dr. Ammous’ appointment is a positive sign that the government is taking the issue seriously and that it is committed to finding ways to make Bitcoin work for the country.

Here are some of the latest developments related to Bitcoin in El Salvador:

  • The government has announced plans to build a Bitcoin City, which will be powered by geothermal energy from volcanoes.
  • The government has also announced plans to issue a Bitcoin bond, which would be the first sovereign bond to be issued in Bitcoin.
  • The government has also launched a Bitcoin wallet called Chivo, which has been downloaded by over 2 million people.

These developments show that El Salvador is committed to making Bitcoin a success. It remains to be seen what the long-term impact of Bitcoin will be on the country’s economy. However, the government’s actions so far suggest that they are confident that Bitcoin has the potential to improve the lives of its citizens.

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